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Southwest Corporate paper makes a case for mortgages

FARMERS BRANCH, Texas, and DALLAS (5/28/08)--A new white paper released by Southwest Corporate Investment Services, “Making a Case for Mortgages,” suggests that mortgage lending still offers credit unions opportunity. The paper examines the benefits of mortgage lending for credit unions and combats the notion that retaining mortgage originations is too risky, the Texas Credit Union League said (LoneStar Leaguer May 27). Author Joe Arnold also discusses the outlook for mortgage originations this year. Credit quality of credit union mortgage loans is high, interest rate risk is manageable, and current spreads make mortgage lending a valuable opportunity for credit unions, he said.